Altona North

POSTAL CODE: VIC, 3025
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Figures from the previous quarter show that capital gains for real estate buyers in ALTONA NORTH are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 3.6% increase in returns based on the current median price in ALTONA NORTH.

ALTONA NORTH, 3025 ranks 543rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 287th on the list of best yielding suburbs for rental properties in VIC, posting a 3.6% return.

Surburb overview

Altona North, situated approximately 10 kilometres south-west of Melbourne's Central Business District, is a suburb within the City of Hobsons Bay local government area. According to the 2021 Census, it has a population of 12,962 residents. 

The suburb's demographic profile is diverse. While 54.3% of residents were born in Australia, significant communities originate from Italy (4.3%), Lebanon (4.2%), Vietnam (3.4%), Greece (3.4%), and Malta (1.8%). Languages spoken at home reflect this diversity, with 45.2% speaking only English, followed by Arabic (13.1%), Italian (6.1%), Greek (5.7%), and Vietnamese (4.3%). Religious affiliations include Catholicism (26.9%), Islam (15.9%), and a notable portion (20.4%) reporting no religion. 

Public transportation in Altona North is well-developed, offering several bus routes that connect residents to key destinations. Route 232 links Altona North to the City (Queen Victoria Market), providing access to Melbourne's central areas. Other routes, such as 411 and 412, connect Laverton Station to Footscray via Altona Meadows and Altona, facilitating movement across the western suburbs. Additionally, Route 903, a SmartBus service, runs from Altona to Mordialloc, enhancing connectivity across Melbourne's metropolitan area. 

The suburb hosts essential establishments catering to daily needs. Altona Gate Shopping Centre serves as a central retail hub, offering a variety of shops and services. For healthcare, residents have access to nearby facilities, including the Western Hospital in Footscray and the Williamstown Hospital, ensuring comprehensive medical services are within reach.

Recreational opportunities abound in Altona North. The suburb is home to several parks, such as S J Clement Reserve on Gilligan Road, W L J Crofts Reserve on Blackshaws Road, and the Urban Forest Reserve on Grieve Parade, providing green spaces for outdoor activities. The Paisley Park sporting complex offers facilities, including a gymnasium, swimming pool, premier league soccer fields, and a 9-hole golf course at the Altona Lakes Golf Club. These amenities support a range of sports and leisure pursuits for residents. 

Altona North's combination of cultural diversity, accessible public transport, essential services, and recreational facilities contributes to its appeal as a residential suburb within Melbourne's western region. 

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